- Indian entrepreneurs helped found many Silicon Valley companies such as Sun Microsystems, Tibco Software, Brocade, Cerent and Hotmail.

- As a measure of its success, the median income in the Bay Area's Indian community is more than $107,000.

- 75% of adults have at least a bachelors degree.

- 70% are in management or professional positions.

- More than 40 Bay Area venture firms have Indian leadership and/or activity in India.

Silicon Valley/Bay Area has very close ties to India:

- Visa has issued more than 30 million debit cards and 32 million credit cards to Indian consumers.

- India hosts Symantec's largest engineering si.te outside the US, and works on more than 80% of its products.

- India accounts for one third of Adobe's global engineering workforce.

- Hewlett Packard is the largest player in India's IT market.

- Levi Strauss has 450 exclusive outlets in 80 Indian cities.

- Cisco second global headquarters is in Bangalore.

The report states: "The combination of Bay Area innovation and capital with India's engineering talent, it finds, can be a formidable one in global markets."

The report says that there are issues such as immigration reform:

"An Indian with an advanced degree can wait as long as five years before his or her application for a green card (permanent residence) is even considered. This makes no sense when opportunities in India are beckoning and other countries are aggressively competing for the same talent."